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Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules

Recently, a Chinese intermediate court located in Beijing upheld a ruling by a lower court that determined cryptocurrency to be a protected virtual property under the law. The court clarified that the Bank of China regulations and other regulations do not prohibit the circulation of virtual currencies. "Financing Behavior Prohibited By the Law" A report

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Five Factors Making Bitcoin Miners Unique Energy Consumers

Bitcoin miners can be used as energy tools to solve many energy problems. This opinion editorial is by Jaran McLean, an analyst at Arcane Research, focusing on Bitcoin mining. Many people view bitcoin miners simply as another energy-intensive business. But there's one major difference. Bitcoin miners have unique flexibility regarding where and when they consume

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US Treasury Clarifies How to Comply With Regulations on Sanctioned Crypto Mixing Service Tornado Cash

The U.S. Department of the Treasury answered questions about regulatory compliance in relation to Tornado Cash, which is a recently sanctioned cryptocurrency mixer. These answers cover how to withdraw crypto, complete transactions using Tornado Cash before its sanction, and how to deal "dusting" transactions. Treasury Department Publishes Tornado Cash FAQs Tuesday's frequently asked questions were

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US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations

U.S. U.S. Senator Pat Toomey believes Congress should provide a regulatory framework to cryptocurrency. He stated that the U.S. Securities and Exchange Commission is not sharing its regulatory framework for crypto with lawmakers and that Chairman Gary Gensler "owes them much more clarity about how and why he intends" to apply SEC regulations. US Senator

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Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities

The Thai Securities and Exchange Commission has proposed that businesses be prohibited from participating in crypto staking and lending activities. The regulator seeks public comments about the proposal. It notes that this prohibition is intended to provide greater protection for investors and lower associated risks strong> Thailand Calls for Public Comments on 2 Crypto Regulatory

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